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Moody's avoided a paper trail that drew DOJ to S&P, WSJ reports

Perhaps the reason that the Justice Department last week went after Standard & Poor's Ratings Services (MHP), and not its rival Moody's Investors Service (MCO), with a $5B fraud lawsuit is because Moody's took careful steps to avoid creating a trove of potentially embarrassing employee messages like those that came back to haunt S&P in the U.S.'s lawsuit, former employees say, reports the Wall Street Journal.